Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: Roebear who wrote (1008)	9/3/2001 8:55:48 PM
From: Frank Pembleton	Read Replies (1) of 36161

Things continue to look "unwell" Roebear, agreed -- sometimes it's hard to take, every day same $hit. Somewhere in the world a market is moving downwards in 3% increments. Oh! By the way, I was re-reading our little battle this morning, and realized we had a good old fashion (albeit stealth) bull/bear debate over the price of natural gas. :) I'm not sure if Grasshopper snatched the pebbles from your well worn but masterfully skilled hands, especially after I started examining the prices of NG and the stocks that are pure play NG producers. I'm thinking the timeline that's important is 1998 where in similar circumstances the Russian/Chinese were being affected by monetary tomfoolery. In that short period, we suffered through sub $2 NG (oil was at $11) yet looking at Anderson Exploration the stock seems to move throughout the winter period in an up like trend. Could it be different this time? At the moment, I'm guessing that NG has bottomed, but in order for AXL.TO to be in my buy zone the stock needs to fall closer to the $20 mark (in relation to the NG chart), which would put it in the oversold category. IMHO, we should see this in the first or second week of December. tfc-charts.w2d.com finance.yahoo.com There are a few more NG pure plays that are essentially unhedged and are total commodity plays; Alberta Energy and Rio Alto to name two more. Comparison Charts: finance.yahoo.com finance.yahoo.com Anyway, I'm looking forwards to your remarks, please be critical. Regards Frank P.

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